(Yes or NO) The 2020s belong to DEXs

Lunafox

jr. member

Activity: 114

Merit: 1

Quote from: b1boy on March 12, 2021, 04:01:06 AM

Indeed, however as far as insights, everybody has their own perspectives on this, since every individual who utilizes any stage has individual necessities so somebody needs to utilize the stage and that is autonomous of different things, for example, accommodation and highlights allies.

Now DeFi projects are popular and many people use them.
Many DeFi offers staking. Staking is a good opportunity to earn a passive income.
https://dailycoin.com/top-staking-projects-in-2021/ Here is a list of the most popular staking projects. What do you think about it?

bayudndy

full member

Activity: 824

Merit: 104

PredX - AI-Powered Prediction Market

Quote from: devollito on January 17, 2021, 06:48:00 PM

Dex is the good project but it is not mature project as we see centralised exchange. The reason people still using CEX ( Centralised Exchange ).

1. Centralised exchange still faster then Dex
2. Fees is lower then decentralised exchange
3. User interface still way better Cex then Dex
4. User Friendly

And all of this on dex can be improved, more than that I also find it easier to use dex quickly.
Taking a look at the new dex recently, I see that they are perfecting themselves.
Let's find out this is an example of what's coming to happen https://www.chainge.finance/

nightflightcourt

jr. member

Activity: 322

Merit: 2

Quote from: b1boy on March 12, 2021, 04:01:06 AM

Indeed, however as far as insights, everybody has their own perspectives on this, since every individual who utilizes any stage has individual necessities so somebody needs to utilize the stage and that is autonomous of different things, for example, accommodation and highlights allies.

I think it just comes down to who has the fastest, safest, best working product for most.

b1boy

jr. member

Activity: 392

Merit: 2

Indeed, however as far as insights, everybody has their own perspectives on this, since every individual who utilizes any stage has individual necessities so somebody needs to utilize the stage and that is autonomous of different things, for example, accommodation and highlights allies.

nightflightcourt

jr. member

Activity: 322

Merit: 2

Quote from: nykka on January 17, 2021, 06:57:45 PM

2020 showed us that Decentralized exchanges have a lot of advantages and they can be really comfortable to use. There is only one problem, which disturb to make it more popular - high fees. When it will be solved some way (some already have decisions like layer 2 etc), DEXes commuinty will grow and maybe CEX will be less populr than now. 2020 was a start year for DEXes. The main game starts only now, I think

Layer 2 is the next battleground for sure. It makes the difference between a DEX feeling like a CEX and it feeling slow and having no liquidity.

nykka

member

Activity: 252

Merit: 11

2020 showed us that Decentralized exchanges have a lot of advantages and they can be really comfortable to use. There is only one problem, which disturb to make it more popular - high fees. When it will be solved some way (some already have decisions like layer 2 etc), DEXes commuinty will grow and maybe CEX will be less populr than now. 2020 was a start year for DEXes. The main game starts only now, I think

devollito

full member

Activity: 560

Merit: 217

Dex is the good project but it is not mature project as we see centralised exchange. The reason people still using CEX ( Centralised Exchange ).

1. Centralised exchange still faster then Dex
2. Fees is lower then decentralised exchange
3. User interface still way better Cex then Dex
4. User Friendly

Ziskinberg

hero member

Activity: 2926

Merit: 636

Quote from: nightflightcourt on January 08, 2021, 06:55:52 PM

Quote from: Psynthax on December 19, 2020, 12:35:58 AM

Quote from: zulfi125 on December 09, 2020, 08:52:45 AM

I think the Year 2020 does not belong to DEXs because few peoples are using DEXs. Most people use centralized exchange due to the fast liquidity to any altcoin and withdraw payment into any altcoin. DEXs have limited liquidity. Just one blockchain-based token is traded; this is truly centralized exchanges that are not more secure than DEXs, but Dexs users are less than centralized exchanges.

You must remember that uniswap is a dex and probably you've seen yourself that uniswap users are so many that it floods the whole ethereum blockchain and make it clogged. Many similar service like sushiswap also emerging, maybe it's not that obvious but DEXes are growing so fast and rapid right now.

Yeah. ETH gets clogged fast and ETH 2's benefits are still a ways off. DEXs are growing fast.
Stakenet now supports ETH and USDT from Layer 2.

The animations look pretty cool too
https://www.youtube.com/watch?v=SU_uareVM4U

Yeah, it really looks cool, is this an app where you need to install in your deskstop?

It's kinda similar to Exodus wallet that I've been using too, just the layout, it's very neat.

nightflightcourt

jr. member

Activity: 322

Merit: 2

Quote from: itovault on January 12, 2021, 01:43:33 PM

Are there good layer 2 DEXes coming out? Paying $100 for a trade on Uniswap seems like an anatham to the point of DEXes -- to allow cheap exchanges to happen fast.

Stakenet

JeotQ

member

Activity: 406

Merit: 14

DEX are becoming nothing but empty words right now, all they have to offer is just the decentralized part which makes it look like the most secured place to sell your assets but DEX have more problems than regulated crypto exchanges (CEX), trading experience is worse, not enough volumes, fake tokens available on the exchange, transaction fee is too high, these are some of the problems affecting DEX.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: Eddyc on January 12, 2021, 06:40:39 PM

I really like to highlight the result of the cryptobridge project (BCO) and unfortunately we see the meaning of a failed DEX up close. The big problem is joining the KYC and that is against all ideals of a DEX which is decentralization, freedom and personal financial control. Maybe in 2021 a new improved DEX concept may emerge, but in general it's something that is far from happening due to regulatory pressures on crypto.

It's really the hindrance why DEX are failing because they don't anymore live by their name.

This project Binance DEX (https://coinmarketcap.com/exchanges/binance-dex/) was so hype before, I was thinking it will be the biggest DEX but this one is regulated also, so this is likely just a failure with a decent volume but it's not what is expected.

Eddyc

sr. member

Activity: 1020

Merit: 391

I really like to highlight the result of the cryptobridge project (BCO) and unfortunately we see the meaning of a failed DEX up close. The big problem is joining the KYC and that is against all ideals of a DEX which is decentralization, freedom and personal financial control. Maybe in 2021 a new improved DEX concept may emerge, but in general it's something that is far from happening due to regulatory pressures on crypto.

itovault

newbie

Activity: 35

Merit: 0

Are there good layer 2 DEXes coming out? Paying $100 for a trade on Uniswap seems like an anatham to the point of DEXes -- to allow cheap exchanges to happen fast.

nightflightcourt

jr. member

Activity: 322

Merit: 2

Quote from: vladn00ne on January 12, 2021, 10:12:16 AM

The majority of CEX's currently on the market are going to lose a lot of value when new regulations are drafted and take effect by the SEC. You may not want to believe it, but this is the most probable outcome.

That has already been happening at an accelerating pace since 2017, especially 2018.
The ones that are left will have intense KYC and no privacy coins.

vladn00ne

newbie

Activity: 27

Merit: 5

The majority of CEX's currently on the market are going to lose a lot of value when new regulations are drafted and take effect by the SEC. You may not want to believe it, but this is the most probable outcome. I think the banks are not just going to allow the unregulated cryptocurrency to fly around and enrich thousands and thousands of people who have no financial acumen.

2020 was quite a journey.
2021 will belong to DEX..

** Disclaimer: I am using Blocknet DEX. Founded in 2014, 7 million coins, traded at $1.50 currently. Built the first DEX, and has now integrated it into their multi-currency wallet, which makes it easy to store, and trade your coins. This DEX is NOT built on Ethereum, meaning you can trade BTC, LTC, DASH, and other coins..

tsaroz

legendary

Activity: 2982

Merit: 1069

Yes. It does. With so much of friction between the authorities and different coins and tokens, people would keep moving to DEX as DEX keeps improving. A lot of people are now aware that DEX are much better for specific exchanges and they are collecting good enough volume. The only improvement it needs is an automated interblockchain smart contracts to exchange coins between different blockchain to actually blast off.

nightflightcourt

jr. member

Activity: 322

Merit: 2

Quote from: Psynthax on December 19, 2020, 12:35:58 AM

Quote from: zulfi125 on December 09, 2020, 08:52:45 AM

I think the Year 2020 does not belong to DEXs because few peoples are using DEXs. Most people use centralized exchange due to the fast liquidity to any altcoin and withdraw payment into any altcoin. DEXs have limited liquidity. Just one blockchain-based token is traded; this is truly centralized exchanges that are not more secure than DEXs, but Dexs users are less than centralized exchanges.

You must remember that uniswap is a dex and probably you've seen yourself that uniswap users are so many that it floods the whole ethereum blockchain and make it clogged. Many similar service like sushiswap also emerging, maybe it's not that obvious but DEXes are growing so fast and rapid right now.

Yeah. ETH gets clogged fast and ETH 2's benefits are still a ways off. DEXs are growing fast.
Stakenet now supports ETH and USDT from Layer 2.

The animations look pretty cool too
https://www.youtube.com/watch?v=SU_uareVM4U

Psynthax

hero member

Activity: 2366

Merit: 504

Quote from: zulfi125 on December 09, 2020, 08:52:45 AM

I think the Year 2020 does not belong to DEXs because few peoples are using DEXs. Most people use centralized exchange due to the fast liquidity to any altcoin and withdraw payment into any altcoin. DEXs have limited liquidity. Just one blockchain-based token is traded; this is truly centralized exchanges that are not more secure than DEXs, but Dexs users are less than centralized exchanges.

You must remember that uniswap is a dex and probably you've seen yourself that uniswap users are so many that it floods the whole ethereum blockchain and make it clogged. Many similar service like sushiswap also emerging, maybe it's not that obvious but DEXes are growing so fast and rapid right now.

tuchenvi

jr. member

Activity: 154

Merit: 2

Quote from: ?? on ??

totally agree, 2020 (and even 2019) - was the dex and defi year! i believe 2021 will bring us all the great hype with cool dex projects.

also believe this) i'm researching a lot of interesting dex projects - recently researched a new stablecoin dex with nice returns - xsigma, looks credible

Wingsbtc

member

Activity: 210

Merit: 12

Presently I don't have much love for DEX because I enjoy trading on Centralized exchanges, the trading experience is like no other and DEX can't be compared to CEX trading probably because of the good volumes available? Or liquidity? DEX only get the security thing right, every other things belongs to CEX

Topic: (Yes or NO) The 2020s belong to DEXs (Read 5546 times)